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TerraPower Announces Start of Construction on First Utility-Scale Advanced Nuclear Plant in Wyoming

LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.

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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Industry News

Transcripts Suggest Top Enron Execs Knew of Market Manipulation

LCG, May 18, 2004--A former executive at Enron Corp. for regulatory affairs spoke with an energy trader in a way suggesting that Enron's chief executive Jeffrey Skilling and chairman Kenneth Lay were informed of manipulative power trading strategies involving purchases by California buyers, according to a transcript obtained by the Justice Department.

The routine transcript shows that the director of California regulatory affairs, Susan Mara, asked a trader during Sept. 14, 2000, "Do you know when you started overscheduling load and making buckets of money on that?" A trader involved in overscheduling could have made it appear that no more power could flow on a transmission line into California, creating the illusion that power shortages existed. The transcript, which was released by a municipal utility in Washington state, also quotes Mara as saying, "This is the time of year when government affairs has to prove how valuable it is to Ken Lay and Jeff Skilling."

The former chief of West Coast power trading, Timothy Belden, is found in another transcript saying of a power trader, "Well he makes... between one and two [million] a day, which never shows up on any curve shift... He steals money from California to the tune of about a million -". A request by another speaker to Belden to modify what has been said leads Belden to articulate, "He, um, he arbitrages the California market to the tune of a million bucks or two a day."

Belden has pleaded guilty to conspiracy charges, and is aiding federal authorities in their investigation. Belden's attorney told the Los Angeles Times that the meaning of the conversation in the transcript could not be gleaned without knowledge of the rest of the exchange.
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